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Petronas stocks, Tenaga underpin KLCI’s mild rebound

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Petronas-linked stocks and Tenaga Nasional underpinned the FBM KLCI’s rebound on Wednesday, enabling it to recoup one-third of the previous day’s losses.

At 5pm, the KLCI was up was 7.11 points or 0.45% to 1,602.40, after falling about 22 points the previous day on foreign fund selling.

At Bursa, Petronas Chemicals rose 15 sen to RM8.07, Petronas Gas added 10 sen to RM15.60 and Petronas Dagangan eight sen to RM20.24. Dialog rose two sen to RM3.18. Tenaga rose 12 sen to RM10.82, Genting edged up two sen to RM5.19 but GentingM shed one sen to RM3.09.s 25 sen to RM8.05, IOI Corp and KLK six sen to RM4.30 and RM23.16 while Sime Plantation edged up two sen to RM4.87.

At the close, the blue-chip CSI300 index was down 1.61% at 4,928.69, the lowest close since Dec 11, while the Shanghai Composite index fell 1.3% to 3,367.06, the weakest close since Dec 24.

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